This dissertation consists of three chapters.Chapter 1 presents an axiomatization of expected utility from the frequentist perspective. It starts with a preference relation on the set of infinite sequences with limit relative frequencies. We consider three axioms parallel to the ones for the...

Chapter 1 considers a stochastic overlapping generations model in which, at each date, a distributional shock divides the constant total endowment between a young and an old agents. Commitment cannot be externally enforced. More precisely, at each date, the young and old agents simultaneously...

This thesis applies mechanism design to explore the roles of outside and inside money in achieving optimal allocations. Two chapters use settings that are related to random-matching models. The third uses an overlapping generations setting. In all three, a critical role is played by assumptions...

I study the effects of lump-sum money creation against the background of the random-matching model of Trejos-Wright (1995) and Shi (1995). That model is interesting for the study of money creation because, alongside with the usual harmful internal margin effects, money creation has beneficial...

This thesis contains three essays on the formation of social networks. The first essay focuses on citation networks while the second one proposes a general model of network formation. The third essay is an empirical investigation of a person's kinship network.Chapter 1: Citations and the...